Here’s where we are and here’s what I didn’t recognize about us and about you when I made the decision, and now it is what it is.
BEN HOROWITZTo succeed at selling a losing product, you must develop seriously superior sales techniques. In addition, you have to be massively competitive and incredibly hungry to survive in that environment.
More Ben Horowitz Quotes
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Over the last ten years, technological advances have dramatically lowered the financial bar for starting a new company, but the courage bar for building a great company remains as high as it has ever been.
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Early in my career as an engineer, I’d learned that all decisions were objective until the first line of code was written. After that, all decisions were emotional.
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Business ends up being very dynamic and situational.
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You can take somebody’s job, you have to take their job, but you don’t have to take their dignity.
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Hire sales people who are really smart problem solvers, but lack courage, hunger and competitiveness, and your company will go out of business.
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Don’t punk out and don’t quit.
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Groupon looked like a very high valuation, but any investment in a great company at any stage is almost always a good investment.
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Generally the reason they fail in the job is, you made some mistake in the hiring process in that you didn’t match… them to the needs of your company accurately enough. That’s the #1 reason this fails. And that’s generally a good place to start.
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Breakthrough ideas usually come from guys who look like they’re hallucinating
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I emphasize to C.E.O.s, you have to have a story in the minds of the employees. It’s hard to memorize objectives, but it’s easy to remember a story.
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The one thing with stress is, you’ve got to keep your focus on what you can do, not what happened to you.
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Every time you make the hard, correct decision you become a bit more courageous, and every time you make the easy, wrong decision you become a bit more cowardly. If you are CEO, these choices will lead to a courageous or cowardly company.
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In life, you don’t have a level of confrontation and the nonsense you run into when you’re a CEO. CEOs aren’t born.
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Volatility and length, that’s the value on an option. 10 years on a startup stock, that’s a big valuable thing.
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It’s hard in daily life. It’s even harder in management because it’s the stress of the moment.
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